By: Amanda Wilson
The Obama administration and top lawmakers are in discussions regarding a potential overhaul of how the United States taxes U.S. multinational corporations. Topics under consideration include eliminating the U.S. approach of taxing U.S. companies on their world wide income and imposing a one-time tax on offshore earnings (earnings that have not been repatriated back into the U.S.).
The talks are in early stages but are definitely something to keep an eye on.
